Cost of Living in Andover, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
172.0
100 = national avg
+72.0 vs national average
Living Wage (1 Adult)
$75,681
per year
Living Wage (Family of 4)
$178,882
per year
Cost Index by Category
Housing198.2
Food150.5
Transportation139.1
Healthcare140.4
Utilities150.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Andover is 172.0, which is 72.0% above the national average. Housing costs are above the national average at an index of 198.2. A single adult needs to earn approximately $75,681 per year to cover basic expenses.